Raser's Symetron Technology to Electrify a Formula Race Car in a
Demonstration on the Grand Prix Course in Monaco

PROVO, Utah--March 23, 2005--Raser (OTCBB:RSTG) will demonstrate its
advanced motor and controller technology in a Formula Lightning car driven
on the Grand Prix race course in Monaco as part of the Electric Vehicle
Symposium (EVS-21) held this year in Monaco April 2-6, 2005.

Monaco is the home of the world-famous "Grand Prix." Formula race cars are
normally powered by large, high-performance combustion engines. In the
Monaco demonstration, a small 150-pound Symetron(TM) electric motor alone
will drive the Formula race car.

The Symetron(TM) motor powering
this race car is about the same dimensions as the electric motor in the
Toyota Prius hybrid vehicle which combines an electric motor with a
combustion engine. Raser's motor technology, however, will drive a Formula
race car entirely on its own, delivering 420 ft.-lbs. of torque, and is
capable of 500 hp without the help of a combustion engine. Participating in
the event will be dignitaries from the country of Monaco, the Electric
Vehicle Symposium and international media.

Raser will release
performance results at the Monaco show that may prove Symetron(TM) to be
the most powerful electric motor and controller technology available for
hybrid vehicles today.

Raser VP Marketing David West commented,
"This breakthrough means we have an electric motor technology powerful
enough to replace the combustion engine in just about any vehicle."

Brent M. Cook, CEO of Raser Technologies, said, "Delivering this high power
from the reliable and affordable AC induction platform is a significant
achievement. Some hybrid automakers are considering motors that require a
more expensive manufacturing process and costly rare earth materials such
as neodymium. Raser's high performance is achieved by innovative design,
not by adding expensive materials."

"Application of this technology
will help make hybrid vehicles more affordable by reducing manufacturing
costs," added D.J. Priano, sr. vice president of Raser Technologies. "The
attainment of this performance level from AC induction technology also
sends a powerful signal to the automobile industry that high-performance
motors can be affordable.

"In addition, Symetron(TM)-enhanced
motors may be brought to market faster in high volumes because they can be
produced in existing AC induction manufacturing facilities," continued
Priano.

The company is also planning on demonstrating the Formula
car with Raser's new Symetron(TM) motor technology at the SAE World
Congress in Detroit, April 11-16 and later this year in California and on
the Bonneville Salt Flats, home of several world land speed records.

Additional information about the company's participation in EVS-21
and recent technology developments can be found on the company Web site:
http://www.rasertech.com/monaco.html.

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